A stronger-than-expected U.S. economy is buoying the dollar, frustrating investors who had bet the currency would wilt under a barrage of interest rate cuts that have yet to materialize. Net bets on the dollar in futures markets swung positive last month for the first time since late November, Commodity Futures Trading Commission data showed. Driving the U.S. currency’s stubborn strength is a robust U.S. economy that has made the Fed hesitant to ease monetary policy too quickly and risk an inflationary rebound.
Related Posts
Nats demote All-Star shortstop CJ Abrams, citing ‘internal issue’
The Washington Nationals reportedly decide to demote shortstop CJ Abrams after he spent all night at a casino before game vs. Cubs.
Michigan standout tight end Colston Loveland ruled out vs. USC
No. 18 Michigan will be without one of its top playmakers, tight end Colston Loveland, against No. 11 USC.
2024 NFL Week 3 odds, lines, spreads for all 16 games
NFL Week 3 is here. Check out the odds for all 16 matchups!